MIAMI, Sept. 12, 2005 (PRIMEZONE) -- Satellite Enterprises Corp. (OTCBB:SENR) announced today that its Regional Distributor, Satellite Newspapers South Pacific, a subsidiary of Satellite Newspapers Suisse GmbH, signed a partnership agreement with Macquarie Bank Limited, a global investment bank with headquarters in Sydney Australia, to be the preferred Leasing Company for customers wishing to obtain a Satellite Newspapers KiOSK.
Macquarie Bank Limited and Satellite Newspapers have partnered together to provide a leasing solution which can be used globally for the purchase and installation of the Satellite Newspapers KiOSK. This partnership will provide those customers wanting to obtain a Satellite Newspapers KiOSK with a strong financing solution that can be implemented not only in Australia but around the world.
Adam Watt, Managing Director of Satellite Newspapers South Pacific, feels that, "The Partnership between Macquarie Bank and Satellite Newspapers South Pacific gives a global finance solution through which newspaper KiOSK can be purchased."
ABOUT THE MACQUARIE BANK:
Macquarie Bank was established in 1969. Since then it has been associated with a stream of major financial innovations, achieving significant benefits for clients and underpinning Macquarie's reputation as a market leader. Today, Macquarie Bank operates in a range of investment banking, commercial banking and selected retail financial services markets both in Australia and overseas. See www.macquarie.com.au
ABOUT SATELLITE ENTERPRISES:
Satellite Enterprises Corp. is a Nasdaq OTCBB Company (OTCBB:SENR). Its 100%-owned subsidiary Satellite Newspapers Suisse operates the Worldwide Rights for the satellite newspaper KiOSK and related products. Its 52% owned-subsidiary Solidam B.V. is the leader in providing standard and custom-made software solutions for newspaper publishers in the Netherlands. See www.satellitenewspapers.com and www.solidam.com.
The Satellite Newspaper KiOSK prints selected international newspapers on demand within two minutes. Satellite Newspapers currently has over 180 newspaper titles under license from around the world including the Le Monde (France), Die Welt (Germany), El Pais (Spain), The New York Times (USA), and the Mainichi Shimbun (Japan).
The Satellite Newspaper CLiENT is a software application that enables users to print the latest edition of international newspapers on their own printer, either one copy at a time or in bulk.
Satellite Newspapers is the Standard in Global Newspaper Distribution.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbour" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements relating to results of operations and financial condition and business development activities, as well as capital spending and financial sources. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statements made by or on behalf of Satellite Enterprise Corp. For more information regarding these risks and uncertainties, review Satellite Enterprise Corp. filings with the Securities and Exchange Commission.